Reports are that there has been up to 50 expressions of interest in HMV including video game retailer Game. Despite the prospect that the retailer could be saved, Deloitte has no plans to start honouring gift vouchers – which has sparked condemnation from music fans unable to spend their gift cards, many of which will have been received as Christmas presents. So it’s hardly surprising that currently they are refusing to pay the staff wages, holiday and overtime pay on stores that have had the doors closed.

Needless to say the collapse of HMV has implications for the music industry in general…..